These are the industries with 70% or more of their stocks advancing today.
These are the industries with 20% or more of their stocks making new highs.
Department stores is the only group on both lists, is small (9 stocks) and is in a long term down trend, but illustrates something we may start seeing soon: weakening breadth. From mid-December until about a week ago, you would have made money picking stocks at random, but now it appears we are going to have to be more selective. There are quite a few strong stocks in this group, but the weaker ones are so far not coming along for the ride, and some of the stronger ones have patterns that are starting to look toppy. It is becoming a stock picker's market, finally.
